Oakland 4 Plex - FHA - 60 Day Req

[Kyle Rosseau]

Hi all,

I am hoping someone can help me out that has gone through this. I am about to enter into contract on a 4 Plex in Oakland, CA. I am going the FHA route and will have to occupy (owner occupied) the property within 60 days. The catch is that all 4 units are occupied and I am going to have to evict one of them which will most likely take longer than 60 days. Does anyone have a similar experience with FHA loans. Is this a show stopper? What will I need to provide the loan officer to prove my intent is to live in the property but might take longer than 60 days? Any information/help is greatly appreciated. This is my first investment property.

Thanks,

Kyle